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now that you have your first rental heres some tips on being a successful landlord Number One Insurance make sure you have the proper coverage for your property and then also make sure that your renter is also having renters insurance and if they dont have them sign a waiver so that you are not liable for their belongings number two lease agreement I recommend using local lease agreements but that are vetted by attorneys that way youre covered in the state and also the city level because rules do change from City to City on top of your lease agreements collect your security deposit first and last months before your tenant moves in number three walkthroughs now that your tenant is ready to move in make sure you take photos and also notes about whats the current condition of the property that way when the tenant moves out everybodys agreeable on what needs to be paid for through the security process bonus tip have separate bank accounts for each of your rental properties that way al
